JB man loses RM267,000 to investment scam
Johor Baru South OCPD Asst Comm Raub Selamat said the unemployed victim lodged a police report on Monday (July 21), after realising he had been scammed by a syndicate posing as investment agents.
'The victim was lured by an investment advertisement on Facebook and later contacted an individual who gave her name as 'Olivia Leong' via WhatsApp.
'The suspect promised the victim up to 80% in returns and instructed him to download an application and communicate with another individual named George for transaction purposes,' he said in a statement on Tuesday (July 22).
ACP Raub said the victim made nine bank transactions between July 4 and 17 amounting to RM267,888.
'The victim then realised he had been scammed when the suspect continued to ask for more money even as he tried to withdraw his 'profits'.
'The case is being investigated under Section 420 of the Penal Code for cheating. The offence carries a jail term of up to 10 years, whipping and a fine upon conviction,' he added.
ACP Raub also advised the public to always be cautious and not fall for investment schemes that promise lucrative returns on social media.
'Please remember to always check the background of the company offering the alleged investment, never reveal personal information, and avoid downloading unverified mobile apps," he added.
He urged those with information related to scams to notify the National Scam Response Centre at 997 or check the bank account or phone numbers on the official Semak Mule portal.
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